Shimmick Co. (NASDAQ:SHIM) Short Interest Down 36.7% in January

Shimmick Co. (NASDAQ:SHIM - Get Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 144,400 shares, a drop of 36.7% from the December 31st total of 228,100 shares. Based on an average daily trading volume, of 443,900 shares, the days-to-cover ratio is currently 0.3 days. Currently, 4.3% of the company's shares are sold short.

Shimmick Stock Up 4.0 %

NASDAQ SHIM traded up $0.10 on Friday, reaching $2.62. The company had a trading volume of 8,596 shares, compared to its average volume of 26,229. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80. Shimmick has a 1 year low of $1.47 and a 1 year high of $7.99. The firm has a 50-day moving average of $2.65 and a 200-day moving average of $2.71. The firm has a market capitalization of $88.56 million, a PE ratio of -0.67 and a beta of 0.05.

Insider Buying and Selling

In other news, Director Mitchell B. Goldsteen sold 325,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $3.26, for a total value of $1,059,500.00. Following the completion of the sale, the director now owns 21,583,800 shares in the company, valued at approximately $70,363,188. This trade represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 77.00% of the company's stock.

Institutional Investors Weigh In On Shimmick

Large investors have recently added to or reduced their stakes in the company. E&G Advisors LP acquired a new position in shares of Shimmick in the third quarter worth about $31,000. State Street Corp acquired a new position in shares of Shimmick in the 3rd quarter valued at approximately $36,000. Avanza Fonder AB purchased a new position in shares of Shimmick during the 4th quarter valued at approximately $52,000. Finally, Sanders Morris Harris LLC grew its position in shares of Shimmick by 20.7% during the fourth quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company's stock worth $1,846,000 after buying an additional 122,442 shares in the last quarter. 6.94% of the stock is owned by institutional investors and hedge funds.

About Shimmick

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.